![]() ![]() This is more free money so, if you do sign up for Acorns, make sure to share that link everywhere! You can earn up to $500 with your referral link. For every person that uses your link to sign up for Acorns, you and that person earn $5 once their account has been successfully approved and they make their first investment of $5. Referral Program: Every Acorns investor gets a personalized referral link that they can share with as many people as they like. These portfolios are yet another way that Acorns is making starting to invest easy. The app is doing the heavy lifting of picking investments for you, allowing beginner investors to have confidence in where they are building their money. However, if you have ever said the words “I don’t know what I am doing” when it comes to investing, and that’s been the reason you’ve put off starting, Acorns’ expertly curated portfolios are a huge plus. These two features alone make the app appealing and will be extremely helpful to anyone looking to start investing on a tight budget.Īcorns’ Portfolios: This isn’t a pro for people who are interested in stock picking themselves. Meanwhile, Found Money gives your investment accounts a funding boost you might not be able to come to on your own. By automating the saving and contribution process, investors can come up with a little bit of money they can put to use immediately to start building their investment portfolio. Micro-Investing And Found Money: Acorns loose change investing method and Found Money feature is a major step as far as democratizing investing goes. Acorns also provides automatic portfolio rebalancing to help keep your investments on track over time.īeyond that, Acorns is basically an all-in-one app for financial wellness, offering custodial brokerage accounts, IRAs, and even banking with cash back rewards.Īcorns has more than 8.5 million users who have invested more than $2 billion using the app, so it has a proven track record with investors. Harry Markowitz - and it will recommend one based on your answers to a series of questions it asks you during sign up to understand your financial situation and goals. You can also set up recurring daily, weekly and monthly, or one-time investment deposits to your Acorns account.Īs a robo-advisor, the app provides five pre-made portfolio options - all of which were developed with the help of Nobel prize-winning economist, Dr. Every time you save $5, the app automatically invests the money for you in fractional shares of exchange-traded funds (ETFs), which are made up of stocks and bonds, to build you a diverse portfolio based on your investment goals and risk comfort level. The app rounds up purchases made with a linked credit card, debit card, or linked PayPal account (you can connect multiple cards and accounts) to the nearest dollar and the difference gets deposited into your Acorns investing account. Launched in 2012, Acorns is a robo-advising and micro-investing platform that takes a nuanced approach to saving loose change with its “Round-Ups” feature, which is aimed at making it easier to start investing. ![]() Is Acorns The Best Investment App For You? What Is Acorns? This really is one of the best investing platforms out there for lazy investors (and we mean that as an absolute compliment) and we are going to show you why. We’ll tell you everything you need to know about this app, including what kind of investments are available, portfolio options, and other financial services it provides. That’s right, you can start investing with the Acorns app with only a few dollars. Now, apps like Acorns have turned the world of investing on its head, removing roadblocks for the average person and opening it up to anyone with a couple of dollars to spare. You needed to put down a huge deposit to open a brokerage account, investing education was not easily accessible, and if you wanted professional portfolio management, it would cost you a good chunk of your profits. Once upon a time, getting started in investing used to be complicated. Some of the links in this post are from our sponsors, and we might earn a commission if you click on one. ![]()
0 Comments
Leave a Reply. |